Zeta Global (NYSE:ZETA) Releases Quarterly Earnings Results, Misses Estimates By $0.26 EPS

Zeta Global (NYSE:ZETA) issued its earnings results on Monday. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.26), Briefing.com reports. Zeta Global had a negative net margin of 13.35% and a negative return on equity of 61.25%. The firm had revenue of $268.30 million during the quarter, compared to analysts’ expectations of $252.68 million. During the same quarter in the prior year, the company earned ($0.27) EPS. Zeta Global’s quarterly revenue was up 42.0% on a year-over-year basis. Zeta Global updated its FY 2024 guidance to EPS and its Q4 2024 guidance to EPS.

Zeta Global Stock Down 37.2 %

Zeta Global stock traded down $10.49 during midday trading on Wednesday, reaching $17.73. The stock had a trading volume of 45,247,757 shares, compared to its average volume of 2,858,822. Zeta Global has a 1-year low of $7.65 and a 1-year high of $38.20. The firm’s fifty day simple moving average is $29.05 and its 200-day simple moving average is $22.51. The stock has a market capitalization of $3.90 billion, a P/E ratio of -37.73 and a beta of 1.29. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.98 and a current ratio of 1.98.

Analyst Ratings Changes

ZETA has been the subject of a number of research reports. Morgan Stanley boosted their target price on shares of Zeta Global from $30.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Oppenheimer raised their price target on shares of Zeta Global from $33.00 to $42.00 and gave the company an “outperform” rating in a research report on Tuesday. Royal Bank of Canada boosted their target price on shares of Zeta Global from $33.00 to $37.00 and gave the stock an “overweight” rating in a research note on Monday. Barclays upped their target price on Zeta Global from $28.00 to $32.00 and gave the company an “equal weight” rating in a research report on Wednesday. Finally, Roth Mkm boosted their target price on Zeta Global from $33.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Zeta Global has an average rating of “Buy” and an average price target of $40.23.

Zeta Global Company Profile

Zeta Global Holdings Corp. operates an omnichannel data-driven cloud platform that provides enterprises with consumer intelligence and marketing automation software in the United States and internationally. The company’s Zeta Marketing Platform analyzes billions of structured and unstructured data points to predict consumer intent by leveraging sophisticated machine learning algorithms and the industry’s opted-in data set for omnichannel marketing; and Consumer Data platform ingests, analyzes, and distills disparate data points to generate a single view of a consumer, encompassing identity, profile characteristics, behaviors, and purchase intent.